The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-19
CONDITION OF THE MARKETS.
Wheat Shows Considerable Strength at
the Opening, but Decline Follows,
snd the Market Closes at Figures Slightly
Below Those of Thursday-Corn Lower
Under Heavy 0fferings-Pork Inactive.
MONEY, BONDS AND STOCKS.
a Steady bat Extremely Dull Market, with 3
Strong Undertone.

Strong Undertone.
NEW YORK March I8.-Money ON cali was easy
at 3la05 per cent, closing at 3la04 per cent
Prime mercantile paper 5iaD6a9 per cent.
Sterling exchange was weaker; actual business
dome at 81 83i0 for sixty days, ard $3.50 for de-
snand.
The total sales of stocks to-day were 152,523
shares, including the following: Delaware, Lackar
wanna & Western, 5000; Erie, 13, 825; Hooking
Valley 1875; Louisville & Nashville $50; Mis-
souri Pacific, 11,441 Reading. 20, 500; Texas Pa
cifc, 9. 800 Union Pacific 1883; Western Union,
I220O.
The stock market little more active to-day,
and the speculation displayed somewhat rmer tone
but dulness st remained the special feature although
there was little movement among the inactive
stocks the result of the day being that yesterdays
losses were recovered. London again changed front
this morning and became buyer of its
specialties which made improvement at the open
ing The roomtraders, however, seized the opportu-
nifty to unload the stocks bought at yesterday re-
action, and the early gains not fully maintained
When the market settled down, steady but extreme
" dull market with strong UNDERGONE, was had.
The trading during most of the day retained it's pure
Jy professional character and in great majority OF
The list the usual stagnaon resulted the fluctuations
for the most part being confined within range of q
per cent. There was absolutely no news of a charac
ter to affect values, but the Baltimore ONO deal
again the subject of considerable talk and
circulated in regard to cons lidation
among New England roads Richmond q West Point
was again most active but without feature all
day. The special movements the advances in
Texas & Pacific upon the assured success of the
reorganization, and in Fort Worth & Denver. The
market rather weak in the early dealings, under
the lead of Richmond g. West Point, which dropped
d per cent. After sight rally the market became
extremely dull, but with advancing tendency to
prices which continued until noon. Texas 4 Pacific
was prominent for its strength. The market during
the afternoon featureless. and with the ex-
ception of the advance III Fort Worth & Dem
YER showed only fluctuations ls0l4 per
cent. In the last hour special weakness
was developed in Hooking Valley, which affected the
genera list somewhat. but the close steady and
dull closeto opening figures. The great majority of
the .ctive fractional advances picuos
among which is Louisville & Nashville with ad-
vance of g. while Fort Worth & Denver gained / u
per cent Richmond, West Point and Hooking Val
ley each off d per cent
Railroad bonds were dull to-day; the sales, aggre-
gated 81 057 600. While prices generally firm,
there considerable irregularity and net declines
are numerous. Chesapeake e. Ohio purchase money
rose l. to 3; Denver & Rio Grande western frsts
Ala to 70; Texas & Pacific terminal trust receipts.
ga, to GA Wabash convertibles, 3l4 to S714, and
Ohio Southern incomes 2 to IL. Hooking Valley
fyes lost 2, to 70.
Government bonds were dull and steady.
State bonds dull and steady to firm. Closing
quotations
n . u